Companies in the Biodegradable Packaging Market are facing issues in keeping their production facilities fully functional due to shortage of staff and resources amidst the COVID-19 (Coronavirus) outbreak. Get a hands-on over key drivers and threats to the Biodegradable Packaging Market to make your company future-ready post the pandemic. Avails out reports for exciting prices to learn new opportunities that companies can capitalize on during and after the Coronavirus crisis.
For detailed insights on enhancing your product footprint, request for a sample here – https://www.factmr.com/connectus/sample?flag=S&rep_id=2063
Biodegradable packaging market witnessed moderate growth during 2013 to 2027, and the status quo is envisaged to prevail over the period of forecast 2018 to 2028, according to a new Fact.MR report. Volume sales of biodegradable packaging are foreseen to record a modest 4.2% CAGR through 2028, which is anticipated to equal a market value in excess of US$ 703 billion. The report finds that tier 3 players will collectively continue to account for over three-fifth share of the biodegradable packaging market.
According to a recent market study published by Fact.MR, the biodegradable packaging material market is expected to envisage healthy value CAGR of 4.2% during the period 2018-2028, with revenues surpassing US$ 703 billion by the end of 2028. The report also opines that the paper & paperboard biodegradable packaging will retain its undisputed dominance in the biodegradable packaging market, as it may account for more than 95% of the total market revenue by the end of the assessment period. The global war against plastic packaging materials is opening an attractive window of opportunities for paper packaging companies, enticing them into entering the biodegradable packaging market.
For critical insights on this market, request for methodology here – https://www.factmr.com/connectus/sample?flag=RM&rep_id=2063
A majority of regulatory bodies and international environmental organizations have proposed a ban on single-use packaging materials to mitigate the perilous effects of non-degradable solid waste on the environment. Increasing environmental awareness and consumer inclination towards making sustainable purchases is providing a major boost to the growth of the biodegradable packaging market.
Positive effects of the ban on single-use packaging on the biodegradable packaging market are offset by stringent labeling regulations and certification procedures to control false claims about the biodegradability of packaging materials. The biodegradable packaging market is characterized by the needs to comply with strict quality standards established in various regional markets, which may complicate it for market players to maintain competitive prices of biodegradable packaging solutions.
For in-depth competitive analysis, buy now – https://www.factmr.com/checkout/2063/S
Meanwhile, the Fact.MR report finds that leading players in the biodegradable packaging market are adopting strategies to acquire their smaller rivals to consolidate a stronger position in the packaging sector. DS Smith plc – a British paper packaging company – recently announced its plans to acquire its Spanish rival Europac Group for over US$ 2 billion, in order to consolidate the Western European biodegradable packaging market. Another leading player in the biodegradable packaging market – Smurfit Kappa Group recently completed the acquisition of Reparenco – a paper and recycling company in Netherlands – for €460 million to expand its European biodegradable packaging capacities.
An American manufacturer of biodegradable packaging – WestRock Company recently acquired packaging businesses across the world, including Hanna Group Pty Ltd, Plymouth Packaging, Inc., and Schlüter Print Pharma Packaging GmbH, to establish a stronger presence in the biodegradable packaging market. The company also revealed its plans to acquire KapStone Paper and Packaging Corp., an American paper company, for a total enterprise value of around US$ 4.9 billion to leverage KapStone’s expertise in biodegradable packaging using kraft paper.
For comprehensive insights on this market adoption, ask an analyst here – https://www.factmr.com/connectus/sample?flag=AE&rep_id=2063
“Increasing growth of the e-commerce sector and popular trends of online grocery shopping is opening new avenues of growth for players in the biodegradable packaging market. Purchasing decisions of environment-conscious consumers are greatly influenced by sustainable packaging materials, which may create high demand for biodegradable packaging solutions in the coming future. Stakeholders in the biodegradable packaging market are shifting their focus on the dynamic trends in the e-commerce sector while adopting their future business strategies,” says a lead analyst at Fact.MR.
Sensing the extraordinary growth opportunities in the biodegradable packaging market for the F&B industry, another market player – the Mondi Group recently developed an innovative, paper-based, biodegradable packaging bag for food – Sustainex®, in collaboration with a Polish converter, SILBO. Multifold opportunities for biodegradable packaging in the F&B industry are boosting market players to develop innovative technologies, biodegradable packaging materials, and designs, which is expected to influence the dynamics of the biodegradable packaging market in the upcoming years.
Read More Trending and Similar Reports from Fact.MR – https://www.globenewswire.com/en/news-release/2020/03/03/1994318/0/en/Manufacturers-of-Kids-Furniture-Eying-Profits-in-Theme-Based-Designs-Wood-Furniture-Continues-to-Gain-Significant-Traction-Says-a-New-Fact-MR-Report.html
Explore Fact.MR’s Comprehensive Coverage on Retail & Consumer Goods Landscape
Insect Repellent Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031: https://www.factmr.com/report/insect-repellent-market
Cannabis Vaporizer Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031: https://www.factmr.com/report/cannabis-vaporizer-market
Gaming Controller Market, Forecast, Trend, Analysis & Competition Tracking – Global Market Insights 2024 to 2031: https://www.factmr.com/report/gaming-controller-market
About Us:
Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Our sales offices in United States and Dublin, Ireland. Headquarter based in Dubai, UAE. Reach out to us with your goals, and we’ll be an able research partner.
Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
Corporate Headquarter:
Unit No: AU-01-H Gold Tower (AU),
Plot No: JLT-PH1-I3A,
Jumeirah Lakes Towers,
Dubai, United Arab Emirates
Email: [email protected]
Visit Our Website: https://www.factmr.com
